Fiscal Policy, Trigger Points and Interest Rates : Additional Evidence From the U.S

We empirically investigate whether the relationship between interest rates and public deficits/debt may be nonlinear for the U.S. Using threshold estimation, we find evidence of level-dependent effects on interest rates, implying a significant effect of projected deficits and debt in the U.S. only if the deficit surpasses approximately 5% of GDP

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Year of publication:	2011
Authors:	Reitschuler, Gerhard
Other Persons:	Sendlhofer, Rupert (contributor)
Publisher:	[2011]: [S.l.] : SSRN
Subject:	Zins \| Interest rate \| Schätzung \| Estimation \| Haushaltsdefizit \| Budget deficit \| Nichtlineare Regression \| Nonlinear regression \| Finanzpolitik \| Fiscal policy

Extent:	1 Online-Ressource (31 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 23, 2011 erstellt
Other identifiers:	10.2139/ssrn.1955821 [DOI]
Classification:	E43 - Determination of Interest Rates; Term Structure Interest Rates ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; H62 - Deficit; Surplus
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10013118747